Kompensim

Kompensim is a term used in Albanian to denote compensation or indemnity given to redress loss, damage, or deprivation. It refers to a payment or other form of remedy intended to restore a person or entity to the position they would have been in before the loss occurred. The word is commonly used in legal, economic, and administrative contexts and is closely related to the broader concept of damages or restitution found in many languages.

In legal contexts, kompensim typically describes damages awarded by a court or agreed upon in a settlement to compensate for harm arising from breach of contract, negligence, or other civil wrong. In employment law, kompensim can cover back pay, severance, or other monetary remedies tied to wages and benefits. In insurance, it denotes the indemnity paid to the insured to cover a covered loss. It is also used in public policy and land use to refer to payments or other remedies provided to individuals or communities displaced by expropriation, development projects, or environmental remediation.

The calculation of kompensim depends on jurisdiction, the terms of contracts or policies involved, and the nature of the loss. It may consider actual financial losses, lost earnings, replacement costs, interest, and sometimes non-economic damages, depending on legal rules and policy provisions. While the concept aims to restore balance after harm, the extent and method of kompensim can vary significantly across different legal and regulatory frameworks. See also compensation and indemnity.